Costing Officer

Job Title: Costing Officer/Sr./AM

Working Days:

Job Summary:

A senior costing officer analyses costs, develops cost systems, and provides financial data for strategic decisions, including preparing cost reports, analysing variances, assisting with budgeting and forecasting, and ensuring compliance.

This role requires strong analytical skills, a professional accounting qualification like a CMA or a bachelor's degree, and experience in costing and financial analysis.

Responsibilities

• Cost Analysis and Reporting:

  Analyze operational and product costs, perform variance analysis, and prepare detailed reports for management.

• System Development:

  Develop, maintain, and improve cost accounting systems, policies, and procedures for accuracy and efficiency.

• Budgeting and forecasting:

  Assist in the preparation of annual budgets and long-term financial plans, providing cost inputs and analysis.

• Cost-Saving Initiatives:

  Collaborate with cross-functional teams to identify cost drivers, analyse cost-saving opportunities, and recommend corrective actions.

• Pricing and profitability:

  Evaluate and optimize product pricing strategies and conduct cost-benefit analyses for new initiatives.

• Compliance and audit:

  Ensure compliance with financial regulations and internal policies, and support internal and external audits.

Qualifications

• Education:

  Bachelor's degree in finance, accounting, or a related field OR professional certification like CMA (Certified Management Accountant).

• Experience:

  Proven experience in costing, financial analysis, or a related finance role.

• Skills:

  Strong Analytical, problem-solving, and attention to detail.

• Technical:

  Proficiency in financial software and tools, such as advanced Excel skills and experience with financial management systems like ERP/SAP